Elon Musk – ‘Cryptocurrency is Promising, But Please Invest With Caution,’
Elon Musk, the CEO of Tesla and SpaceX, has been a key proponent of the recent surge in interest in dogecoin, according to analysts, as he consistently tweets about the cryptocurrency.
Musk, however, had a new message for his 53 million Twitter followers ahead of his appearance on “Saturday Night Live” on May 8: “Cryptocurrency is promising, but please invest with caution!”
Musk also shared a video from a February interview with TMZ in which he expressed the same sentiment.
Cryptocurrency is promising, but please invest with caution! https://t.co/A4kplcP8Vq
— Elon Musk (@elonmusk) May 7, 2021
“To be clear, people should not invest their life savings in cryptocurrency,” Musk told TMZ. “That’s a bad idea.” “If you want to speculate and have some fun,” he said, “there’s a good chance that crypto is the future currency of Earth.” Then it’s like, which one will it be? Perhaps there will be several. But it’s all conjecture at this point.”